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Toachi Mining Announces Additional High Grade Trench Results Increasing Its VMS Corridor Footprint

Nachrichtenquelle: Business Wire (engl.)
21.02.2019, 13:00  |  212   |   |   

Toachi Mining Inc., (“Toachi” or the “Company”) (TSX-V:TIM) (OTCQB:TIMGF) is pleased to announce new high grade trenching assay results that extends the known VMS corridor footprint further north including a trench cut assaying 6 meters @ 2.02 g/t Au, 32.50 g/t Ag, 2.34% Cu, 0.79% Pb and 2.59% Zn. These new trenching results are located 150 meters north of the high grade trenching results previously reported by Toachi on January 16th, 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190221005288/en/

Figure 1

Figure 1

Guatuza North Trenching Significant Intercepts

LPTR-18-08* Guatuza: (0.0m – 6.0m) @ 2.02 g/t Au, 32.50 g/t Ag, 2.34% Cu, 0.79% Pb, 2.59% Zn

LPTR-18-13 Guatuza (San Jose): (2.1m – 3.1m) 1m @ 1.08 g/t Au, 44.40 g/t Ag, 0.48% Cu, 1.92% Pb, 7.94% Zn;

LPTR-18-14 Guatuza (San Jose): (0.0m – 3.4m) 3.4m @ 1.15 g/t Au, 24.42 g/t Ag, 0.23% Cu, 1.24% Pb, 4.39% Zn;

  • The complete trenching results summary is available at http://www.toachimining.com/projects/technical-reports/ where additional information is described in Table 1 along with plan maps and profile.
  • *Based on a 4ppm AuEq cut-off grade, 1m minimum composite length and 1m maximum internal dilution.
  • *Channel LPTR-18-08 is cutting the intersected mineralization close to its true width.
  • The channels LPTR-18-13 and LPTR-18-14 are perpendicular to the intersected mineralization and structures.
  • Moderate to high BLEG (gold) anomalies were also confirmed last week at the Guatuza prospect, La Mina North Block and Aguas Calientes prospect. These BLEG samples were collected in the final quarter of 2018 along the main drainages of these prospects.
  • A location map of the new high grade VMS trench intercepts and anomalous BLEG (gold) assay results is shown in Figure 1.

Alain Bureau, President and CEO, stated, "In comparison to the surface expression above the known VMS Horizon at La Mina South and La Mina North, we are encouraged by the geological similarities recently discovered, which bring solid drill ready targets.”

 

Trenching Assay Results Summary

 
CHANNEL   FROM (m)   TO (m)   LENGTH (m)   Au (ppm)   Ag (ppm)   Cu (%)   Pb (%)   Zn (%)
LPTR-18-08   0   2   2   1.51   33.80   3.04   0.58   1.33
LPTR-18-08   2   4   2   2.52   32.30   2.35   1.42   4.42
LPTR-18-08   4   6   2   2.04   31.40   1.64   0.37   2.01
LPTR-18-08   6   6.7   0.7   0.68   5.80   0.04   0.07   0.02
LPTR-18-08   6.7   8.7   2   0.50   3.00   0.18   0.07   0.08
                                 
LPTR-18-09   0   1   1   0.42   6.10   0.33   0.54   0.01
LPTR-18-09   1   2   1   0.34   2.30   0.43   0.01   0.01
LPTR-18-09   2   3   1   0.42   5.90   0.24   0.02   0.09
                                 
LPTR-18-10   0   1.7   1.7   0.37   6.60   0.22   0.07   0.09
LPTR-18-10   1.7   3.2   1.5   1.22   21.90   0.17   0.07   0.08
                                 
LPTR-18-11   0   2   2   0.16   1.90   0.03   0.01   0.01
                                 
LPTR-18-12   0   0.5   0.5   0.12   1.70   0.05   0.20   0.03
LPTR-18-12   0.5   2.5   2   0.28   2.80   0.02   0.08   0.03
                                 
LPTR-18-13   0   2.1   2.1   0.25   16.30   0.10   0.19   0.07
LPTR-18-13   2.1   3.1   1   1.08   44.40   0.48   1.92   7.94
LPTR-18-13   3.1   4.5   1.4   0.67   25.10   0.15   0.54   0.89
                                 
LPTR-18-14   0   2   2   1.42   23.60   0.28   0.58   5.12
LPTR-18-14   2   3.4   1.4   0.75   25.60   0.16   2.17   3.35
                                 
LPTR-18-15   0   0.5   0.5   0.10   1.80   0.01   0.32   0.25
LPTR-18-15   0.5   1.1   0.6   0.12   0.60   0.01   0.02   0.02
LPTR-18-15   1.1   2.5   1.4   0.48   11.90   0.12   0.53   0.85
LPTR-18-15   2.5   3.4   0.9   1.16   43.40   0.19   2.31   5.59
                                 
LPTR-18-16   0   0.45   0.45   1.03   15.70   0.36   0.03   2.87
LPTR-18-16   0.45   1.75   1.3   1.37   16.30   0.07   0.37   0.72
LPTR-18-16   1.75   2.3   0.55   0.28   4.50   0.02   0.39   0.11
LPTR-18-16   2.3   3.5   1.2   0.14   5.50   0.02   2.09   0.03
                                 
LPTR-18-17   0   0.5   0.5   1.49   13.00   0.26   0.03   1.52
LPTR-18-17   0.5   1.7   1.2   0.88   5.00   0.05   0.19   0.39
LPTR-18-17   1.7   2.2   0.5   0.29   2.00   0.03   0.24   0.06
LPTR-18-17   2.2   2.65   0.45   0.19   21.50   0.02   0.73   0.02
LPTR-18-17   2.65   4.1   1.45   0.24   13.40   0.03   0.51   0.04
               

Exploration Program & Vectoring Summary

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